The Nifty 50 opened with a significant gap-up and delivered a robust performance after exit polls indicated a likely NDA win in the Bihar assembly elections. The index maintained its position above all major moving averages, with momentum indicators showing renewed strength. Buoyed by the improved sentiment, analysts foresee the index testing the 26,000–26,100 range in the near term, though minor consolidation phases may occur. Immediate support remains anchored around the 25,670–25,700 zone.

File Image |

During the session, the Nifty surged over 100 points at the open and touched an intraday high of 25,935 before witnessing mild profit booking in the final hour. Despite this, the broader trend stayed strong as the index closed 181 points (0.7%) higher at 25,876, forming a bullish candle

See Full Page